Chinese iron ore futures shed early losses, and rallied more than 1 percent on Monday, as steel prices recovered after a three-day slide.

The mining sector was also helped by copper prices which edged higher on Monday, supported by falling inventories and a monthly upturn in China’s property prices.

U.S. stocks also provided an upbeat lead as Wall Street rose on Monday with Verizon boosting the telecoms sector after the stock was upgraded, while a deal in semiconductors lifted high-performing tech shares.

“There is a buy interest in the market and it is re-asserting itself today. The rise in U.S. markets has also provided a strong background to our markets this morning,” said Ric Spooner, chief market strategist at CMC Markets.

“There’s also focus on individual stocks. The a2 Milk Company delivered a strong profit growth in the first four months of the financial year, which is helping the market,” Spooner added.

A2 Milk Company Ltd surged 4.7 percent to its highest in more than two weeks after posting net profit after tax of NZ$52.3 million ($35.64 million) in the four months to October versus NZ$22 million a year ago.

Meanwhile, shares of dairy firm Fonterra Co-Operative Group Ltd, rose 0.3 percent after it said its milk production in New Zealand rose 3 percent during the peak production month of October due to the return of favourable weather after a wet spring.